Common use of Revenue Sharing Clause in Contracts

Revenue Sharing. 7.1 Any Revenue generated from Commercialization activities shall be shared by the University and the Researchers as a group with seventy-five percent (75%) paid jointly to the Researchers, which shall be divided between the Researchers and the Other Participants in accordance with Addendum “C”, and twenty-five percent (25%) paid to the University. Where the University has incurred Direct Costs, such distribution of Revenue shall occur only following the University’s full recovery of all of the Direct Costs.

Revenue Sharing. 7.1 Any Revenue generated from Commercialization activities shall be shared by the University University, JCESR and the Researchers as a group with seventy-five fifty percent (7550%) paid jointly to the Researchers, which shall be divided between the Researchers and the Other Participants in accordance with Addendum “C”, twenty-five percent (25%) paid to JCESR and twenty-five percent (25%) paid to the University. Where the University has incurred Direct Costs, such distribution of Revenue shall occur only following the University’s full recovery of all of the Direct Costs.